Summary
- Crypto roundup for Monday shows a mildly positive market, despite dovish Fed signals, U.S. shutdown uncertainty, and global political moves.
- Bitcoin posts six-day uptrend, Gold hits ATH, even as U.S. Dollar recovers.
- Japan elects its first female PM, while France’s Prime Minister resigns after three weeks in office.
- Upbeat crypto market developments allow major coins to rally.
- U.S. equities start the day on a positive note, despite a lack of major positive catalysts.
Crypto Roundup for Monday: Sentiment improves without strong positives…
The risk complex remains slightly positive early Monday in New York, supported by easing geopolitical concerns over Gaza, the appointment of the first female Prime Minister (PM) in Japan, and fresh hopes that U.S. policymakers will work to overcome a government shutdown this week. Alternatively, tensions surrounding the Russia-Ukraine war and political drama in France, with the newly appointed PM’s resignation, challenged the market’s optimism.
Against this backdrop, Bitcoin (BTC) extends its six-day rally to $124,900, nearing Sunday’s all-time high, while Gold (XAU) also hits a new record around $3,950, close to $3,935 by press time. Meanwhile, the U.S. Dollar Index (DXY) jumps after a downbeat week, up half a percent near 98.30 by press time.
Newly appointed French Prime Minister Sebastien Lecornu handed his resignation to President Emanuel Macron and triggered a political drama in Europe, driving the Euro and fueling the U.S. Dollar in doing so.
Elsewhere, news from Japan’s Prime Minister elections has reduced concerns about a Bank of Japan (BoJ) rate hike and offered additional support to the U.S. Dollar. Sanae Takaichi, who won the leadership race in Japan’s ruling Liberal Democratic Party (LDP), will be the first female leader of an Asian major and is a firm supporter of the easy-money policy.
Beijing has proposed a trillion-dollar investment to ease U.S. curbs on Chinese investments, signaling a shift from previous trade deals focused on U.S. export purchases. Meanwhile, a Wall Street Journal report revealed that China has secretly paid Iran for oil through an $8 billion conduit to bypass U.S. sanctions, funding Chinese-led construction in Iran, flagging geopolitical fears.
Elsewhere, U.S. President Donald Trump warned that “all HELL” would break out against Hamas if it failed to reach a deal. Following that, Hamas has reportedly handed over its response to Trump’s Gaza plan, agreeing to engage in peace negotiations through mediators and to release all Israeli hostages, alive or bodies.
Trump is considering significant tariff relief for U.S. auto production and is urging Fannie Mae and Freddie Mac to support large homebuilders.
On a different note, Fed officials continue to weigh in on inflation and defend the dovish bias, but failed to challenge the U.S. Dollar bulls. Fed Governor Stephen Miran expects significant disinflation in services inflation, while Federal Reserve Vice Chair Philip Jefferson anticipates a resumption of disinflation next year. Further, Dallas Fed President Lorie Logan noted risks that the effects of tariffs may be more prolonged than expected, and Chicago Fed President Austan Goolsbee mentioned that both inflation and employment are showing signs of deterioration.
Oil prices rose after OPEC+ agreed to modestly raise production by 137,000 barrels per day, easing concerns of a large supply increase. There were earlier reports that OPEC was considering a larger output hike, but the agreed increase was far smaller, helping to calm the market.
Crypto, Equity Update
Crypto currency traders experience bullish daily performance, with major coins hitting multi-day highs while crossing short-term key resistances. That said, Bitcoin (BTC) renews its all-time high, while Ethereum (ETH) and Ripple (XRP) both rise over 1.0% weekly.
That said, popular altcoins like Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX) drop more than 2.0% each to gain the market’s attention.
Meanwhile, Binance Coin (BNB) renews its all-time high (ATH), while Aster (ASTER) jumps over 10.0% on a day to strengthen the bullish trend by press time.
Notably, the Bitcoin Dominance eases to 58.3%, from 58.4%, but the crypto market capitalization (market cap) rises 0.93% on the day to $4.25 trillion as we write.
Talking about major news, the U.S. retail giant Walmart’s financial technology (fintech) division collaborates with infrastructure partner Zerohash to facilitate customers buying, selling, and safely holding Bitcoin and Ethereum. This will put Walmart’s OnePay in competition with other services such as PayPal and Cash App.
Read Details: Walmart’s OnePay to Add Crypto Trading and Custody in Mainstream Push
The decentralized finance (DeFi) lending protocol Abracadabra faced its third multi-million-dollar breach since 2024. The platform experienced a large-scale attack, with hackers using an exploit of a smart contract vulnerability to drain around $1.7 million.
Also Read: Abracadabra Smart Contract Exploit Drains $1.7M in Third Major Hack
Dubai braces for the upcoming Future Blockchain Summit x Fintech Surge, witnessing innovation and Web3 developments. The event will take place in Dubai Harbour from 12 to 15 October 2025 and aims at bringing together global innovators, start-ups, regulators and investors. The event is a part of the Expand North Star platform, the world’s largest start-up and investor connector. Further, the event will be powered by GITEX GLOBAL.
More Here: Web3 Innovation: Dubai to Host Future Blockchain Summit & Fintech Surge 2025
On a surprise note, Teucrium XRP ETF came into existence even as the U.S. Securities and Exchange Commission (SEC) neither approved nor denied the listing. The reason could be linked to a special filing and the passage of a deadline.
Read More: XRP ETF Without SEC Approval? The Twist No One Saw Coming
Elsewhere, a report from Crypto Rovers argues that the Russian central bank eyes Bitcoin usage as a hedge against the ruble. Talks also made rounds that Moscow is interested in developing stablecoins to benefit from the crypto rally and circumvent the global sanctions while staying financially sound and active.
Also Read: Russia’s Central Bank Eyes Bitcoin to Counter Ruble Weakness
Talking about the U.S. equities, Wall Street benchmarks begin Monday with modest gains. That said, Dow Jones, S&P 500, and Nasdaq Composite are all rising around 0.20% intraday each, while Nasdaq renews its record high by press time.
On Friday, U.S. equities faced upbeat performance, with the Dow Jones Industrial Average and the S&P 500 closing at record levels. The Nasdaq fell slightly after closing at a record high the previous day. Healthcare stocks posted their best week since June 2022, with the S&P healthcare sector up 6.82%. Further, information technology and utilities also saw strong gains. On the downside, energy, communication services, and consumer discretionary sectors faced declines. Notably, Jefferies downgraded Apple to “Underperform” from “Hold,” citing overly high expectations for iPhone sales and the upcoming iPhone 18-Fold.
- Gold bulls keep the reins, up over 1.0% near $3,935, after refreshing its ATH near $3,950 earlier in the day.
- Bitcoin (BTC) stays firmer at ATH, up for the sixth consecutive day near $124,900 after hitting an ATH of $125,725 the previous day.
- Ethereum (ETH) jumps over 2.0%, up for the second consecutive day, near $4,610 at the latest.
- U.S. Dollar Index (DXY) rebounds, up 0.50% intraday to 98.30 as it consolidates the previous weekly loss.
- Wall Street benchmarks hold highs, after an upbeat day, with Dow Jones and S&P 500 posting mild gains, while Nasdaq 100 refreshed a record top as we write.
- WTI Crude Oil keeps bouncing off a four-month low, prints a mild daily gain near $61.30 at the latest.
A busy day ahead…
Developments surrounding Gaza, Japan, and France will be eyed closely for clear directions, along with the ongoing focus on the Russia-Ukraine peace deal and the U.S.-China trade negotiations.
Meanwhile, concerns about U.S. policymakers’ ability to resolve the government shutdown, along with dovish Federal Reserve bets, could lure U.S. Dollar sellers, potentially favoring cryptocurrencies, gold, and equities. However, ongoing risks surrounding Gaza, Trump’s tariff policies, and tensions with China and Russia might help the U.S. Dollar defend its recent rebound.
